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Market Wide Circuit Breakers

Market Wide Circuit Breaker Trigger Points
Trigger ValueS & P 500 Index Breach Thresholds for TodayTimeAction
MWCB Level 1:
(7% Decline)
Before 3:25 p.m.
At or after 3:25 p.m.
Halt 15 minutes.
Trading continues, unless there is a Level 3
MWCB Level 2:
(13% Decline)
Before 3:25 p.m.
At or after 3:25 p.m.
Halt 15 minutes.
Trading continues, unless there is a Level 3
MWCB Level 3:
(20% Decline)
Any time Halt remainder of Day